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Deductions & credits
That is dreadful---but sorry, no. The tax laws that changed for 2018 and beyond eliminated deducting casualty losses on a federal tax return unless you are in a federal disaster area and were affected by the disaster----like a wildfire, flood, hurricane, etc. Lightning striking your house is not deductible.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎January 26, 2024
8:57 AM